YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: ponzi
  • Creating something out of nothing

    Obama announces a new “job creation” target of 3 million jobs.  For his next trick, he’s going to pull a rabbit out of a hat and power the Whitehouse’s electricity needs using a perpetual motion device. On that note, do read Lew Rockwell’s latest piece for the von Mises institute: Madoff as Metaphor.

  • Hospital losses millions from Ponzi scheme collapse

    The North Shore-LIJ Hospital system’s bone marrow donation center relied on donations from investors involved in Bernie Madoff’s Ponzi scheme and is now down and out $1.8 million.  I expect similar stories from other charities that rely on private donations now that the cash flow is starting to stem. Is this a case for government …